Sandvine Co. (SVC) Upgraded by Desjardins to Buy
Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed an outperform rating and set a C$4.50 price target on shares of Sandvine in a research note on Friday, July 8th. Scotiabank raised shares of Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price target on the stock in a research note on Friday, July 8th. TD Securities reaffirmed a buy rating and set a C$4.50 price target on shares of Sandvine in a research note on Monday, July 11th. CIBC decreased their price target on shares of Sandvine from C$3.50 to C$3.00 in a research note on Tuesday, September 13th. Finally, National Bank Financial reaffirmed a sector perform market weight rating on shares of Sandvine in a research note on Monday, September 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of C$3.56.
Shares of Sandvine (TSE:SVC) remained flat at $3.11 during midday trading on Friday. 972,400 shares of the stock traded hands. Sandvine has a 52 week low of $2.27 and a 52 week high of $3.73. The firm’s 50 day moving average is $3.21 and its 200 day moving average is $2.96. The stock has a market cap of $432.24 million and a PE ratio of 12.20.
Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The Company’s Network Policy Control solutions consists a hardware platform and software modules that are bundled together to provide a system for broadband communications service providers to identify (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks.
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